NEW
DELHI
NIGERIA has invited Indian companies to invest in areas like drugs and
pharmaceuticals, small scale industry, agro-processing, education, irrigation
and water management in the country and announced incentive schemes
for the same.
Addressing a group
of potential investors at an interaction organised by PHDCCI on Saturday,
Nigerian Executive Governor Alhaji Mala Kachallah said Nigeria had adopted
very liberal FDI policy which offered 100 per cent foreign ownership,
free repatriation of proceeds after payment of all dues, liberalised
foreign exchange regime, etc as incentives
.It further said
India could take advantage of Nigerian strategic location and enormous
natural resources especially oil and metals.
The opportunity
was also available in food processing industry since Nigeria was primarily
an agrarian economy, Kachallah said.
